Friday, May 22, 2020
Traditional Vs. Modern Forces - 1737 Words
Traditional vs. Modern Forces The tobacco industry played a very important role in the development of the United States. Thousands of jobs were created because of the cigar industry. As the industry developed, they needed a vast number of cigars made, which led to the growth of machines and the decline of cigar rollers. A tradition was starting to cease, and a new era started to arise. The play, Anna In The Tropics shows the struggle between traditional and modern forces in the 1929 cigar business in Ybor City. One of the struggles is that hand-rolled cigars demonstrate the tradition and machine-made demonstrate the modern forces. The cigar business has always played a role in history. The ââ¬Å"Cigarââ¬â¢s Historyâ⬠says, ââ¬Å"the history of the cigarâ⬠¦show more contentâ⬠¦He is right, but these machine-made cigars are never going to be the same as a hand-made; they are more precise and accurate. Cheche acts as the modern force who wants to bring the modernization and his brother Santiago acts as the traditional force that want to keep the factory as it is and the cigar rollers. The factory is being attacked by machines, traditions like the lector are being left behind. As stated by (Nelson, et al), ââ¬Å"It was the voices and words of these lectores ââ¬â before radio and mechanization, who informed, organized, and incited the cigar workers, who labored by hand ââ¬Ëtil the 1930s, when both the rollers and readers were replaced by mechanization. A lost tradition of story and smoke.â⬠As it is shown, when the 1930s hit, cigar rollers and lectors started being replaced by machines. A beautiful and unique tradition was starting to be left behind. Ofelia says ââ¬Å"When I lived in Havana I donââ¬â¢t remember ever seeing a tobacco factory without a lector. As a child I remember sitting in the back and listening to the stories. That has always been our pride. Some of us cigar workers might not be able to read or write, but we can recite lines from Don Quixote or Jane Eyreâ⬠(Cruz, 27)Lectors are an essential part of tobacco factories and witho ut them the factories will never be the same. Machines replaced workers more and more until they were completely in power andShow MoreRelatedEssay Advantages of Living in a Modern Family734 Words à |à 3 PagesModern Family Nowadays, it seems that the traditional family structure is disappearing and the modern family is replacing it. The family used to be formed by the grandparents, the parents, their brothers and sisters and their kids, living together in the same house, but now the nuclear family formed by the father, the mother and their children, live in a single house without the rest of the family (ââ¬Å"Nuclear Familyâ⬠). I believe that some of the advantages of living in a modern family are:Read MoreKing Kong Vs Godzilla Analysis1223 Words à |à 5 Pagesoccasions throughout IshirÃ
Hondaââ¬â¢s 1962 film King Kong vs. Godzilla. Utilizing two of the most iconic monsters in cinematic history, Honda integrated these creatures to represent different cultures and the battle that ensued as one culture shifted to another. By highlighting certain characteristics shared between one monster and culture, Honda showed how King Kong was the embodiment of the modern Japanese culture, while Godzilla represented the traditional Japanese culture. However, when comparing theseRead More`` Jihad Vs. Mcworld ``1504 Words à |à 7 Pagesââ¬Å" More than a hundred years ago, Marx had observed that the breaking of feudal bonds by modern capitalism had decisively fragmented traditional communityâ⬠(162). Benjamin R. Barber, Professor of Political Science at Rutgers University and director of the Walt Whitman Center for the Culture and Politics of Democracy, has written several books with his disputations on this area. Barber published ââ¬Å"Jihad vs. McWorldâ⬠in 1996 arguing that westernized capitalistic democratic countries, more specificallyRead MoreHow Is Technology Changing Tv Narrative996 Words à |à 4 Pageswritten in series rather than episodes today because of new time shifting technology can not only be uninteresting but also puzzling for his viewers. However, Rugnetta introduces this idea by suggesting that the viewer, ââ¬Å"Think of friends vs Games o f Thrones or Idea Channel vs the Sopranos. Like literally versus like in a cage match.â⬠(Rugnetta). His ability to contrast well-known television from the past and present as well as compare his own PBS web series to the Sopranos helps his audience understandRead MoreThe New Age Battle Between Modern Day And Traditional Way Of Thinking1131 Words à |à 5 PagesThere are two core ideas that conflict during world war ll. The new age battle between modern day and traditional way of thinking. Old vs new isn t a new concept though it has never been on a scale as the war had bought it on. This war left millions dead, wounded, terrified and left entire cities destroyed in its wake. The two belief systems are summarized by two different pieces of medias. FDRââ¬â¢s speech on the Four Freedoms and Hitlerââ¬â¢s nation and race chapter from Mein Kampf. These two ideas clashRead MoreThe Influence Of Latinos In America1153 Words à |à 5 Pagestumultuous racial relations and global ethnic conflicts, it is imperative that Americans recognize and revere the positive economic, political, and social contributions that Latinos have made to the American society. Often referred to as the invisible force behind the United Statesââ¬â¢ booming economy, the growing Latino-American population plays a vital role in sustaining the countryââ¬â¢s economic growth. Journalist Tessa Berenson depicts the magnitude of influence that Latinos had on the U.S. economy inRead MoreModern vs. Pre-modern Essay example1064 Words à |à 5 PagesModern vs. Pre-modern There is one simple way to classify the difference between the modern and the pre-modern, and that would be to separate them by years. Unfortunately this would not be cut and dried; it would be a rough estimate because no one really knows when the change took place, or if there even was a change. What is known for sure is that things did change. The ââ¬Å"ââ¬Å"modernsâ⬠(became) set against ââ¬Å"ancientâ⬠modes of thought and practiceâ⬠(Shapin, p. 5), and this led to a so-called scientificRead MoreModernization Theory Vs Dependency Theory1227 Words à |à 5 PagesModernization theory vs Dependency theory While many theorists have numerous explanations towards underdevelopment, experts like David Brooks and Peter Hallward have described the natural disaster in Haiti to be brutally destructive primarily due to its poverty. With this said, by reducing the poverty level in countries such as Haiti, it is possible to avoid the many disasters that they face. Reducing poverty means that society must accept development. What is development and how can it be achievedRead MoreComparing Two Perspectives of Management1433 Words à |à 6 Pages The four skills which may assist managers to achieve these organisational goals are planning, organising, leading and controlling. Traditional vs. Modern Perspectives The practice of management can go back as far as 3000 BC. It developed over thousands of years from Traditional style of management to Modern today. Traditional Perspectives Traditional Perspectives includes (Samson Daft, 2009): 1. Classical Perspectives ââ¬â concentrates on making the organisations an efficient operatingRead MoreThe Bush Doctrine and the Iraq War: Neoconservatives vs. Realists - Review1256 Words à |à 6 PagesI intend to review ââ¬Å"The Bush Doctrine and the Iraq War: Neoconservatives vs. Realistsâ⬠by Brian C. Schmidt and Michael C. Williams. The reason for choosing this article for review is simply because of its relevance today throughout the Middle East and how the American foreign policy is drastically changing the dynamics of the world. Schmidt and Williams use the elements of the neoconservative Bush Doctrine to show the direct contrast between realists and neoconservatives. The authors use the Bush
Friday, May 8, 2020
Sydney is the state capital of New South Wales and the...
Sydney is the state capital of New South Wales and the most populous urban city in Australia. It is located on Australias south, east coast along the Tasman Sea. To the east of Sydney you will find the basin bordered by the Pacific Ocean. To the west is the Blue Mountains region in New South Wales. North of Sydney you will find the Hawkesbury River. South of Sydney is the Woronora Plateau. To see more information on Sydneyââ¬â¢s location, see Image 1 below. Sydney is located on a submerging coastline, meaning the ocean level has risen and is flooding deep river valleys carved out in sandstone. There are more than seventy harbors and ocean beaches in Sydney including the famous Bondi Bay (Australian Government 2008). According to theâ⬠¦show more contentâ⬠¦Image 1: Seek Sydney: The Gateway to Australia. ââ¬Å"Sydney Area Map.â⬠Last Modified April 24, 2014. http://www.seeksydney.com/map-of-sydney Migration Patterns Since the early nineteenth century, Chinese migration to Australia has played a big role in the economic and political development of Australia (Inglis 2012). According to their 2011 census, the rapid growth in migration is evident (Inglis 2012). In 2011, Australiaââ¬â¢s long-term resident population increased over five years by 8.3% to 21,507,717 people (Inglis 2012). Surprisingly, even more rapid has been the growth in numbers involving the Chinese population. Of about 319,000, those born in China were 1.5% of Sydneyââ¬â¢s total population (Inglis 2012). This ranked them as the third largest foreign born group in Sydeny, ranking behind only those born in England 4.2% and New Zealand 2.2% (Inglis 2012). Although this ranking has been unchanged since 2006, the numbers of those born in China has increased rapidly by 50% over this five year period (Inglis 2012). Languages With connection to the increase in migration from China, the importance of Chinese languages in Australia is growing as well. Mandarin which is spoken by 1.6% of the population, about 336,410 people, at home has now taken place of Italian as the most important language other than English in Australia (Inglis 2012). Christine Inglis (2012) found from the perspective of Sydneyââ¬â¢s
Wednesday, May 6, 2020
Which Do You Think Contributes More to Personal Happiness Free Essays
How one responds to a situation is a huge factor that contributes to personal happiness, for the state of happiness is achieved from accomplishing a certain goal. In the 18th century, the 13 colonies was in feud with its mother country, Britain; refusing to pay taxes without representation. George Washington, the General of the Continental Army, was hopeless and at the brink of surrender. We will write a custom essay sample on Which Do You Think Contributes More to Personal Happiness or any similar topic only for you Order Now Yet through the motivational articles such as Paineââ¬â¢s Common Sense,â⬠the establishment of the Declaration of Independence, and the arrival of the French, Washingtonââ¬â¢s morale was boosted. At Yorktown, the Americans and French were able to force Cornwallis to surrender, and the war was finally over. Washing successfully accomplished his goal of leading the colonies to victory. This accomplishment of gaining independence not only gave the 13 colonies happiness, but mainly Washington as well. As a result of this happiness, the colonies were able to unite into the United States of America. Oneââ¬â¢s response in a situation definitely supports personal happiness. In the midst of my freshman year in high school, I was asked to help a friend who was struggling in the subject of Biology. After long hours throughout the week, he was finally able to interpret the information. The aftermath was successful and through my teachings, I understood the importance of happiness. Happiness allows me to feel not necessarily a higher being, rather like an older brother who is helping. This enlightenment taught me that happiness can only be achieved by how one reacts to a certain event. In this particular case, because I helped a friend understand the subject of Biology, I fulfilled a good deed, and therefore rewarded with happiness. Although society always seeks for happiness, it not a feeling that can be forced, rather obtain through good deeds and accomplishments. How to cite Which Do You Think Contributes More to Personal Happiness, Essay examples
Tuesday, April 28, 2020
Recovery from Alcoholism free essay sample
Examines Alcoholics Anonymous, atheistic/humanistic approach, cognitive behavioral therapy, intervention and the role of the media. This paper attempts to evaluate some current materials about the problem of alcohol abuse and to estimate how effective they are in educating and enlightening the public about this problem. This small selection represents merely a random sampling of the vast amount of information on this subject, which ranges from the committed to the skeptical, and from the intensely scientific to the frothy. An effort has been made to choose the more serious attempts to discuss this problem. At this time any discussion of alcoholism needs to begin with a discussion of Alcoholics Anonymous, whose program, which has spread around the world since its founding in 1935, is unarguably the most effective approach yet found for dealing with the age-old scourge of alcoholism, about which even the ancient Greeks made jokes. However, to say that it is the most effective is
Thursday, March 19, 2020
The impact of the recession on the value of oil and gas companies in the UK The WritePass Journal
The impact of the recession on the value of oil and gas companies in the UK Introduction The impact of the recession on the value of oil and gas companies in the UK IntroductionStatement of ProblemResearch QuestionsResearch ObjectivesContribution ââ¬â Significance of the Objectives and the Expected OutcomeBrief Literature ReviewThe Efficient Market HypothesisCapital Asset Pricing Model and share betasà The Dividend Valuation ModelRecession and its effect on the UK Oil and Gas IndustryResearch MethodologyResearch MethodMethod of Analysis and FindingsForm of presentationTimetable of Activities (Gantt chart).ReferencesBooksInternetRelated Introduction Recession has existed as long as man and in the past it could be consolidated to one region. Nowadays, recession has become a global concern because once a region is affected; it can easily spread across the global economy. The world has faced some serious economic break downs over the past centuries some of which include; the stock market bubble in 1850, the 1929 Wall Street crash, the 1974 crash, the 1987 crash; called black Monday, the dotcom bubble of March 2000, the 9/11 attack in America and the most recent financial crisis caused by the subprime mortgages in the US. Recession has a lot of effects on an economy as well as the industries engaged in trade in the economy. During a recession most companies lose value and this has a lot of effects on stakeholders; that is, employees and shareholders. The recent financial crisis caused firms to loss over 40% of their share value and had tremendous effects on major economies like Japan, China and the UK. The Oil and Gas Industry has also been affected by recession over the last decade. In August 2005, the price of oil was $60 per barrel and by July 2008 it had reached $147 per barrel as result of the recession brought about by the financial crisis. However, various theories have been developed to understand what determines the true value of a company. Some of these theories include the dividend valuation model, capital asset pricing model (CAPM) Statement of Problem Most studies have indicated a strong link between the share prices of a company, its earnings and its beta. This research is aimed at investigating whether recession has a positive or negative effect on the value of companies in the UK with the case being the oil and gas industry. While future earnings and share betas are increasingly becoming popular in determining share prices,à current earnings areà being used as a bench mark for share prices rise and fall or a better indicator for takeover. The relative importance ofà each of these indicators in predicting share prices or company value is still unknown, because sometimes investors use differentà methodsà atà differentà times in calculating or estimating company value. Research Questions As a perfect guide and means of getting a good direction throughout this research, I intend to answer the following questions in this research. à à à à à à à à à What determines the value of a company? à à à à à à à à à How does recession affect oil and gas companies? à à à à à à à à à Do post recession values of the companyââ¬â¢s share price depend on the recession? à à à à à à à à à What are the effects of recession on the global economy? à à à à à à à à à What will be the necessary steps taken to prevent such a huge impact on the oil and gas industry in the future? Research Objectives The main aim of this research is to investigate the impact of the recent recession trends on the value of oil and gas industry in theUK, its effects on the economy, as well as challenges faced by oil and gas companies to maintain their value. This research also seeks to identify if the prices quoted by oil and gas companies in the stock exchange market reflect their true value. Therefore, my objectives are to:- à à à à à à à à à Investigate the major determinants of the value of a company. à à à à à à à à à Investigate the effects of recession on the price of a share. à à à à à à à à à To identify whether current earnings, future earnings, and share betas are of importance to a prospective investor. à à à à à à à à à Analyse the effects of recession on the global economy. à à à à à à à à à Analyse the effects of recession on oil and gas companies in theUK. à à à à à à à à à Recommend solutions based on this research and other findings to prevent such a huge impact in future. Contribution ââ¬â Significance of the Objectives and the Expected Outcome From my previous experience in the financial sector and now undertaking a financial orientation course, this research is going to ease my understanding of the stock exchange market, how it functions and how public information affects the prices of shares in the stock exchange. This research will also help in exploring the various techniques used in company value evaluation which will aid top level management in identify the most powerful indicators and enable them shape their share prices with better accuracies. During recession the beta or risk of a share is higher hence this research will also explain how relevant the beta of a share affects its price. Brief Literature Review Up to this date no theory has been developed to explain the movement of share prices in the stock exchange market. This has made it very difficult for prospective shareholders not to easily predict prices for shares for buying and selling purposes. Bodie et al, (2002) argued that any information that could be used in predicting stock price must have been reflected in share price; hence only new information into the market can influence the upward and downward movement of prices of shares. Share prices are always characterised with their unpredictable nature, this is because the prices of shares usually move with respect to the information that enters the market. If the information is positive, there will be an upward movement in the prices of shares and if the information is negative, there will be a downward movement in the prices of shares. This negative information is common during recession which will be the primary focus of this study. The idea that share prices already reflect all relevant information leads us to the efficient market hypothesis. The Efficient Market Hypothesis Lumby and Jones (2003) stated that a stock market is said to be efficient if the market price of a companyââ¬â¢s shares rapidly and correctly reflects all relevant information as it becomes available. In this regard, if all information turns out to be entirely reliable and complete, share prices could be relied upon to correctly reflect the true economic worth of the shares. In such a market overvalued or undervalued shares would not exist. To say share prices reflect the true economic worth of a company is an overstatement because share prices are a function of future expectations which à deals with uncertainty; hence share prices reflect all relevant available information. The efficiency of the stock market in pricing securities is one of the fundamental questions researchers often ask. The objective of an investor dealing with stock market is to identify mispriced shares. Purchase undervalued shares before the price rises and sell overvalued securities before the price falls. There are three basic analysis investors use to identify mispriced securities; Technical analysis, fundamental analysis and insider information. Technical analysis: Analyst study share price movements with the intention of discovering a pattern in movements. Once this pattern is identified for a particular company and if they see one of these patterns starting to develop, they believe they are then able to predict the shares future course of movements and so give either buy or sell investments advice. The fundamental analyst: A variety of information is a analysed with the use of share valuation models to determine the value of a share. Comparing between the actual worth of the share with the market price is the objective here. If the worth is more than the market price of the share, then the share is undervalued and hence a buy advice and conversely a sell advice if the share is overvalued. Insider information: All investors are looking for information insight and connections which they believe are not yet fully reflected in the market price. Although this theory recognizes the importance of information in shaping share prices, it fails to indicate which among these indicators have a powerful influence over share prices. Capital Asset Pricing Model and share betas According to CAPM, the price of a share is related to the risk of holding the asset. At a relatively high risk, investors will be expecting higher returns and as such will bid dawn the share price. This is based on the assumptions that the investor is holding a well diversified portfolio and as such the unsystematic risk have all been diversified .Therefore, the return expected isà compensation for the market risk, this means that, the expected return from an investment in share is equal to risk-free return plus risk premium ( Risk premium being the market price of systematic risk). Formulated by Sharp in 1964, he argued that creating portfolio reduces companyââ¬â¢s risk. He divided the risk into two categories namely the systematic or market risk or the unsystematic or diversifiable risk Unsystematic risk: This risk is associated with specific factors affecting the company such as the quality of management, advertisement, research and development. According to Sharp, the systematic risk decrease as the number of investments in a portfolio increases. A rational investor should hold an efficient portfolio whereby all the unsystematic risk have been diversified away. The systematic risk: This is called the market risk. It can be defined as the extent to which a companyââ¬â¢sà cash flow is affected by general economic factors such as inflation, interest rate, exchange rates. When there is a recession there is going to be a general fall in the share prices of all the companies. The rate at which companyââ¬â¢s share price is affected depends on the risk associated with that particular company. This risk factor is called betas Share Betasà is the relationship between the systematic risk of company and the overall risk of stock market (market risk). It thereforeà measures the degree of responsiveness of the expected return of the share relative to the expected return of the market. For example if expected return of the market falls and rises, that of the company will fall and rise in proportion of its beta. It therefore measures the degree of variability of companyââ¬â¢s return in relation to the expected market return. Although this model has been criticized because of numerous unrealistic assumptions that question its predictive powers, the model can be credited for providing financial managers with a suitable project discount rate.à The model concludes by saying the greater the share beta the higher the risk associated with that asset and hence investors are expecting a higher return from the share. The result is the share price will fall or better still the higher the beta the higher the discount rate and hence share price falls. The weaknesses of CAPM let to the introduction of the Three Facto Model by Fama and French and in 1976 Stephen Ross developed the Arbitrage Pricing Theory which completely transformed the single Facto CAPMà to a multi Facto Beta Model. à The Dividend Valuation Model According to the model share prices are only determine by expected future level of dividends and the systematic risk of future dividend flows. It can be expressed as .à Where, PE is price of share, D is dividend payout, and à is cost of equity. The model assumes that future expected dividend flow will remain at a constant level for all future time period ( a level in perpetuity). Although some companies have been observed to have an approximated constant dividend per share over a longtime, in practice most companyââ¬â¢s dividend per share are subject to changes over time. This has let to a more realistic version of the model which explains the growth of dividends at a constant rate. It can be expressed as à . Where, PE is share price, Ke is cost of equity and g is growth rate.this model à has been criticized for not providing information about share price when companies retain all or a greater proportion of earnings. Recession and its effect on the UK Oil and Gas Industry A recession is characterised with falling property prices, rising cost and personal debt and those mostly affected by it will those with low incomes. Standards of living will also fall as a result of recession and low income families will have no other option other than reducing the amount spent on basic goods and fundamentals. Estimates show that Septemberââ¬â¢s 16 year high in the rate of inflation will add à £3 billion to the UKââ¬â¢s welfare bill. Those who will be greatly affected will include the elderly and the disabled who live on a poor diet and inadequately heated homes (Research Summary, 2008) At the level of the stock market, investments that demand on a buoyant stock market will become increasingly devalued, a trend that may be exuberated by rising inflation. Those at risk here will include those that rely on work place pensions to sustain them through retirement and endowment policy holders who may find themselves unable to cover the value of the loan at the end of the mortgage term. Recession also comes with a lot of social ills such as more crime, violence, and anti-social behavior. At the educational sector, recession has neither been friendly. It has affected the willingness and ability of some students to study, for instance, in order to bail the economy out of the recent recession, the government has decided to increase the school fees of students by almost triple the previous amount causing more difficulties for parents to send children to school. However, some people think that recession comes with a blessing as people drink less, smoke less, eat healthier food, and spend less on extravagant spending. Recession also speeds up the business evolution forcing companies to reduce costs and adapt new processes. At the level of mortgages, people tend to lose their homes and livelihoods, for instance, in 2008, mortgage repossessions rose by 50% giving an average 305 people declared bankrupt every day. Krogdahl (2010), states that the recession has called for a reduction in cost, and team size of the company while their property portfolio works harder, however they are faced with the dilemma of whether their portfolio will split when their organization begins to grow. CIPD (2009) stated that this has been the worst recession affected by UK since the Second World War. They say that the manufacturing sector has been the sector which has and is suffering most from the recession. With respect to full time and part time workers, full time workers have been more seriously affected and they experienced a downturn of -3% during the first year of recession. There has been a generally perception that as a result of the recession more women lost their jobs than men, but this ideology was dismissed by the office of national statistics which proved that lost more jobs. Between 2008 and March 2009, men unemployment rate rose from 2.4% to 8.1% while for women it rose from 1.4% to 6.4%. According to Phillips (2009), young people between the ages of 18 and 24 suffered most from the recession when it came to layoffs while old staffs above the age of 40 years were least affected. According to Daniel (2008), most firms experience decline in profitability during recession because of the tendency of price wars which will lead to low sales which consequently lead to low revenues. Firms producing luxurious goods with price elasticity of demand 1 will experience the biggest fall in demand while firms producing basic necessities will become insulated from the effects of recession. The IMF predicted Britain falling into the recession in 2009 as its growth rate forecast fell from 1.7% toà à -0.1%. David Blanch flower, a monetary policy committee member in the Bank of England predicted that over 2 million people will likely be unemployed by the end of 2008. ITV announced 1000 job cuts, HSBC 1100, UBS 1000 and GSK 400. Mortgage lending fell by 95% as a result of lack of bank financing which made it difficult for first time buyers to step into the property ladder. Pension expert Hargreaves Lansdown estimated that the system has lost à £250 million and is presently worth à £1000 million (Hopkins, 2008). The present going green scheme has increased most energy companies expenditure cost as extra care has to be taken so as to protect the environment. In the recent recession in theUKoil demand briefly drooped by nearly 3mbpd (million barrels per day) about half of what occurred at the beginning of the financial crisis in 2008. Redundancy and forced salary cuts have also been common side effects of the current recession (Wireline News, 2011). According to Webb (2010), in order to effectively overcome the recession, the industry needs to work collaboratively both across the sector and with Government at national, regional and local level to develop new technologies, improve working practices and efficiencies and drive down costs. This will help to enhance the UK supply chainââ¬â¢s comparative advantage in the global market place and ensure that the industryââ¬â¢s critical suppliers retain a presence here. According to Roberts (2010), all sectors of the economy virtually depend on oil such as transport, retail, agriculture, power generation and heating. The present recession has depressed demand in a temporary or sustained way as was the case in 2008. It has rendered new oil field development more difficult especially when the main reason for development is to maintain low prices. The collapse of the oil prices and uncertainty of the depth and length of recession has forced analysts to look the cost of existing and incremental oil production and the impact of price and recession on future oil demand growth. Research Methodology The research method is very relevant because the results of a research matters on the methodology used. There are two major research methods which explain how research is carried out; these are the positivism and interpretive methods (Colley and Hussey, 2009).Quantitative methods of analysis will involve working with some available data and the end result will be some kind of conclusion derived from working with the data. The ground rule here is that the researcher is independent and does not affect the subject of research (Remeniyi et al, 1998). In the research, we are trying to establish a relationship between recession and the value of a company (share price). Therefore, accounting variables such as earnings per share (EPS), dividends per share (DPS), and current earnings will be used. This research shall use data from over 30 oil and gas companies listed in theLondonstock exchange market from 2000 to 2010. The main focus will be to see if there has been any change in the as a result of the recession in the prices of shares of these companies as well as their betas and if the prices reflect their true value. This time scale covers before and during the recession. Research Method This research shall be based on secondary data. This is data that has already been documented for another purpose (Saunders, et al 2007). There are three types of secondary data; these are survey, documentary and data from other sources which can not be categorized. The data that I intend to use in this research will include share prices of oil and gas companies in the UKand this data will be obtained from the published financial statements and statistical information of the London stock exchange and from the internet through reliable search engines. Academic publications and articles will be of extreme importance especially from high profile financial writers and consultants. A more extensive literature review will aid in acquiring secondary data from popular writers. I intend to use primary data such as interviews with managers, stock brokers and analysts of some of the oil and gas companies so as to answer the research questions and give the research more credibility and reliabili ty. Interviews shall be structured and shall be done verbally. Method of Analysis and Findings In this research both quantitative and qualitative methods of analysis will be used to analyze the collected data. Quantitative method will involve the use of statistical tools such as correlation analysis, statistical tables, charts and graphs established relationships. Meanwhile the qualitative method will be consent with comparing the strength of the relationship that exist between current earnings, future earnings, and share beta with actual share prices of oil and gas companies with respect to stable economic periods and periods witnessing recession. This research will also analyse the changes of the interest rates of some of the oil and gas companies in the UK over a ten year period. à Form of presentation The work will be presented in both hard and soft copies. The hard copy will be presented in A4 paper format style. Data collected will be presented with the use of tables and graphs. Timetable of Activities (Gantt chart). à Weeks from April to August Activity à 1 2 3 4 5 6 7 8 9 10 11 12 13 Proposal à à à à à à à à à à à à à à Literature Review à à à à à à à à à à à à à Data Collection à à à à à à à à à à à à à Data Analysis à à à à à à à à à à à à à à Writeà up draft à à à à à à à à à à à à à Edit final draft à à à à à à à à à à à à à Final Document à à à à à à à à à à à à à Complete final Report à à à à à à à à à à à à à References Articles and Journals à Barnes, Daniel (2008) Recession Fears Causing Debt Depression, myfinances.co.uk accessed on 12.04.2010 CIPD (2009), Jobs: The Impact of Recession and Prospects for Recovery, September.London: CharteredInstitute ofPersonnel and Development. Johnathan Krogdahl (2010), Corporate Real Estate: A study of the effects of recession for the UKââ¬â¢s CRE Professionals, The Curzon Partnership. Kathryn Hopkins (2008), Signs of Recession: The impact on Britainââ¬â¢s real economy. The Guardian. Malcolm Webb (2010), Oil and Gas UK: 2010 Oil and Gas UK Activity Survey Research Summary (2008), Effects of Recession and Those Most at Risk. Simon Roberts (2010), The Oil Crunch: A wake-up call for the UK Economy, Ove Arup Partners Ltd. Trevor Phillips (2009), Monitoring the Impact of the Recession on various Demographic Groups, Department of Work and Pensions à Books Arnold, G., (2008), Corporate Financial Management, (4th edition) Prentice Hall Bodie,Z., Kane, A. and Marcus, A.J., (2008), Investments, (7th edition) McGraw-Hill [ BKM] Remeniyi, D., Williams, B., Money, A. and Swartz, E. (1998), Doing Research in Business and management: An Introduction to Process and Methods,London, Sage. Internet http://en.wikipedia.org/wiki/2003_to_2008_world_oil_market_chronology, accessed on 11.04.2011 domainmonster.com/editorials/dot_com_bubble, accessed on 11.04.2011 dailyrecord.co.uk/news/business-news, accessed on 16.04.2011
Tuesday, March 3, 2020
Definition and Examples of Paradox in English Grammar
Definition and Examples of Paradox in English Grammar A paradox is aà figure of speech in which a statement appears to contradict itself. Adjective: paradoxical. In everyday communication, notes H.F. Platt, paradox is mostly used for expressing astonishment or disbelief at something unusual or unexpected (Encyclopedia of Rhetoric, 2001). A compressed paradox (one thats expressed in just a few words) is called an oxymoron. Etymology: From the Greek, incredible, contrary to opinion or expectation.Pronunciation: PAR-a-doxAlso Known As: paradoxa (Greek) Examples Some of the biggest failures I ever had were successes. (attributed to American actress and singer Pearl Bailey)à The swiftest traveler is he that goes afoot. (Henry David Thoreau, Walden, 1854)If you wish to preserve your secret, wrap it up in frankness. (Alexander Smith, On the Writing of Essays. Dreamthorp, 1854)I have found the paradox, that if you love until it hurts, there can be no more hurt, only more love. (attributed to Mother Teresa)War is peace.Freedom is slavery.Ignorance is strength.(George Orwell, 1984)ââ¬Å"Paradoxically though it may seem . . ., it is none the less true that life imitates art far more than art imitates life.â⬠(Oscar Wilde)Language . . . has created the word loneliness to express the pain of being alone. And it has created the word solitude to express the glory of being alone. (Paul Tillich, The Eternal Now, 1963)Some day you will be old enough to start reading fairy tales again. (C.S. Lewis to his godchild, Lucy Barfield, to whom he dedicate d The Lion, the Witch and the Wardrobe) Perhaps this is our strange and haunting paradox here in America- that we are fixed and certain only when we are in movement. (Thomas Wolfe, You Cant Go Home Again, 1940)Yes, I must confess. I often find myself more at home in these ancient volumes than I do in the hustle-bustle of the modern world. To me, paradoxically, the literature of the so-called dead tongues holds more currency than this mornings newspaper. In these books, in these volumes, there is the accumulated wisdom of mankind, which succors me when the day is hard and the night lonely and long. (Tom Hanks as Professor G.H. Dorr in The Ladykillers, 2004) The Paradox of Catch-22 There was only one catch and that was Catch-22, which specified that concern for ones own safety in the face of dangers that were real and immediate was the process of a rational mind. Orr was crazy and could be grounded. All he had to do was ask; and as soon as he did, he would no longer be crazy and would have to fly more missions. Orr would be crazy to fly more missions and sane if he didnt, but if he was sane he had to fly them. If he flew them he was crazy and didnt have to; but if he didnt want to he was sane and had to. (Joseph Heller, Catch-22, 1961) Kahlil Gibrans Paradoxes At times [in The Prophet by Khalil Gibran], Almustafaââ¬â¢s vagueness is such that you canââ¬â¢t figure out what he means. If you look closely, though, you will see that much of the time he is saying something specific; namely, that everything is everything else. Freedom is slavery; waking is dreaming; belief is doubt; joy is pain; death is life. So, whatever youââ¬â¢re doing, you neednââ¬â¢t worry, because youââ¬â¢re also doing the opposite. Such paradoxes . . . now became his favorite literary device. They appeal not only by their seeming correction of conventional wisdom but also by their hypnotic power, their negation of rational processes. (Joan Acocella, Prophet Motive. The New Yorker, Jan. 7, 2008) Loves Paradox You will notice that what we are aiming at when we fall in love is a very strange paradox. The paradox consists of the fact that, when we fall in love, we are seeking to re-find all or some of the people to whom we were attached as children. On the other hand, we ask our beloved to correct all of the wrongs that these early parents or siblings inflicted upon us. So that love contains in it the contradiction: the attempt to return to the past and the attempt to undo the past. (Martin Bergmann as Professor Levy in Crimes and Misdemeanors, 1989) The Language of Poetry Originally a paradox was merely a view which contradicted accepted opinion. By round about the middle of the 16th c. the word had acquired the commonly accepted meaning it now has: an apparently self-contradictory (even absurd) statement which, on closer inspection, is found to contain a truth reconciling the conflicting opposites. . . . Some critical theory goes so far as to suggest that the language of poetry is the language of paradox. (J.A. Cuddon, A Dictionary of Literary Terms, 3rd ed. Blackwell, 1991) Paradox as an Argumentative Strategy Useful as instruments of instruction because of the wonder or surprise they engender, paradoxes also work to undermine the arguments of ones opponents. Among the ways to accomplish this, Aristotle (Rhetoric 2.23.16) recommends in his manual for the rhetorician exposing the disjunction between an opponents public and private views on such topics as justice- a recommendation that Aristotle would have seen put into practice in the debates between Socrates and his various opponents in the Republic. (Kathy Eden, Platos Rhetoric of Education. A Companion to Rhetoric and Rhetorical Criticism, ed. by Walter Jost and Wendy Olmsted. Blackwell, 2004) G.K. Chesterton on Paradox By paradox we mean the truth inherent in a contradiction. . . . [In the paradox] the two opposite cords of truth become entangled in an inextricable knot . . . [but it is] this knot which ties safely together the whole bundle of human life. (G. K. Chesterton, The Outline of Sanity, 1926) The Lighter Side of Paradoxes I dare say that one of the strangest contradictions to beset contradiction fanciers recently was the situation confronting anybody who was seeking shelter in New York City. Not only were hotel rooms scarcer than the heath hen- after all, you could pick up an occasional heath hen before Christmas if you didnt mind going into the black market for it- but the reason for their scarcity was that most of them were occupied by people who had flocked to the National Hotel Exposition to discuss the scarcity of hotel rooms. Sounds paradoxical, doesnt it? I mean, if there arent any other paradoxes around. (S.J. Perelman, The Customer Is Always Wrong. Acres and Pains, 1947)
Sunday, February 16, 2020
Attend a meetong (zone,planning, etc) Essay Example | Topics and Well Written Essays - 750 words
Attend a meetong (zone,planning, etc) - Essay Example A Summary of the Meeting The meeting in point was held on September 24, 2013 and was formal and regular (not convened because of an emergency) in nature. The meeting was also a response to the need to replenish Pequannock Townshipââ¬â¢s reputation as the oldest Township in the United States, having been founded in 1695. It had been left tentatively in the previous meeting that equipping the town for disaster response, replenishing the cityââ¬â¢s infrastructure and socio-cultural heritage. The Pequannock Township Mayor, the Deputy, clerk, Township historian and Township manager were the attendees, alongside me. Thus, the meeting was held with one single objective- improving and effecting the affairs of Pequannock Township, New Jersey as a way of strengthening the townââ¬â¢s reputation. The issues and problems that were raised include maintaining houses under the Planned Residential Development which was set in the early 1990s and alternatively known as the Glens; the maintena nce of Pequannock Townshipââ¬â¢s historic sites; generating more funds for running Pequannock Township more effectively; and strengthening Pequannock Township for emergency disaster response undertakings. ... Just as Colrick recommends, strengthening Pequannock Township for emergency disaster response undertakings would in turn involve using the initial sources of revenue and savings to raise funds for the same purpose. This would be followed up with educational programs that would be used as a tool to conscientize the public on disaster preparedness. The educational programs would involve the opening of community centers to target those above 18 years. Since it is most likely that high school students have not yet attained 18 years, resolutions were arrived at to integrate disaster management and preparedness to high school educational curriculum. Herein, Pequannock Townshipââ¬â¢s revenue will also go a long way in promoting disaster preparedness and emergency response, since it is robust enough; having been accrued from fees and levies exacted from utilities and enterprises such as stores, parking spaces and road levies (Colrick, 75). Personalities and Interests Represented At the Me eting The personalities and interests represented at the meeting are the Mayor of Pequannock Township, Richard Phelan, the deputy mayor, Melissa Florence-Lynch, the manager of Pequannock Township, David Hollberg, the town clerk, Jay Delaney, the Township historian, Ed Engelbart and other township officers such as Catherine Winterfield and Joel D. Vanderhoff. The extent of public discussion was far-reaching since the matters already mentioned as the main items to the meeting were to be thoroughly and exhaustively expounded on, and not be left tentatively. An Analysis Regarding Government and Politics at the Local Level in Pequannock NJ New Jersey According
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